Press Release
The Royal Bank of Scotland Group plc ("RBS") Statement on RFS Holdings
29th September 2008:
Further to the announcements by Fortis yesterday, RBS confirms that the sale of Fortis interests in RFS Holdings would not affect the integration benefits envisaged by RBS, nor would it affect the businesses to be retained by RBS.
Fortis has already paid in full in cash for its shares in RFS Holdings, and should it sell this holding the financial consequences would lie with Fortis.
The plan for the separation from ABN AMRO of the businesses to be acquired by Fortis has been designed to maintain the strength and integrity of ABN AMRO, and is scheduled to complete in H2 2009, subject to regulatory approval.
ENQUIRIES:
Richard O'Connor
Head of Investor Relations
0207 672 1763
07909 873 681
Andrew McLaughlin
Group Director, Communications
0131 626 3868
07786 111 689
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